Section 56 2 viib Valuation Report in Uttarakhand
Last updated: 17 Oct 2026
Quick Answer: Section 56(2)(viib) angel tax does not apply from AY 2025-26 onward. Virtual Auditor assists businesses in Uttarakhand with pending Section 56(2)(viib) scrutiny for AY 2024-25 and earlier. For new transactions, we assess Rule 11UA / Section 56(2)(x) valuation requirements and FEMA pricing separately, where applicable; the abolition of angel tax does not remove those requirements.
Compliance Information
ROC: ROC Delhi (Uttarakhand). Pincode: 248001.
Indicative Fee Structure
| Service | Fee |
|---|---|
| Angel Tax Valuation | Starts from ₹35,000 + govt fees |
| Book a Consultation | 30 minutes, no obligation |
Frequently Asked Questions
Which Registrar of Companies handles filings for a company in Uttarakhand?
ROC Uttarakhand (Dehradun) has jurisdiction over companies with a registered office in Uttarakhand. Virtual Auditor files SPICe+, PAS-3, SH-7 and annual returns with that office on your behalf.
What stamp duty applies to a share transfer in Uttarakhand?
Stamp duty on a transfer of shares is 0.015% of the consideration under Article 62 of Schedule I to the Indian Stamp Act, 1899, as amended with effect from 1 July 2020; the rate is the same in every state, including Uttarakhand. Stamp duty on the share purchase agreement itself follows the Indian Stamp Act, 1899 (Uttarakhand Amendment).
Do you have an office in Uttarakhand?
No. Uttarakhand is served remotely from our Mumbai office: documents are exchanged online, filings are made on the MCA, GST and income-tax portals, and meetings are held by video or at that office by appointment.
Which valuation rule applies to my transaction and period, including any historical assessment?
It depends on the transaction and the tax year. Share issues made up to 31 March 2024 may still be examined under the old angel-tax provision, section 56(2)(viib), with value under Rule 11UA(2): net asset value or a merchant banker’s DCF, at the company’s option. Share issues from 1 April 2024 are outside angel tax. Shares received for less than their fair market value are taxed in the recipient’s hands (section 56(2)(x)), using the formula in Rule 11UA(1), and the seller may be taxed on fair value under section 50CA. From tax year 2026-27, the Income-tax Act, 2025 and the Income-tax Rules, 2026 apply, so the corresponding provisions must be cited. We match each transaction to its period and rule and say who must sign the report.
Angel Tax Valuation Report in Uttarakhand — Section 56(2)(viib)
Uttarakhand combines pharma and FMCG manufacturing (in Pantnagar/Selaqui SIIDCUL belts), tourism, and growing services activity.
Get Started — Free 30-Minute Consultation
To discuss your specific Uttarakhand requirement, call +91 99622 60333 or email support@virtualauditor.in. We will provide a clear scope, timeline, and fixed-fee quote within 24 hours of the consultation. References from comparable engagements available on request, subject to client confidentiality.
Section 56(2)(viib) Practice Considerations in Uttarakhand
For startups and closely held companies in Uttarakhand, the Section 56(2)(viib) computation under Rule 11UA(2) interlocks with three local touchpoints: assessing-officer charge under ITAT Delhi (Dehradun bench) appellate jurisdiction, AD-bank reporting under Dehradun, Haridwar and Pantnagar host the principal AD-I corporate desks; HDFC, ICICI, Axis at Haridwar handle the FMCG/pharma FEMA workload, and the FEMA pricing regime where any non-resident subscriber is on the cap table. Stamp duty on the underlying allotment instruments follows the Uttarakhand schedule — 0.50% of authorised capital on MOA capped at ₹25 lakh (Uttarakhand Stamp Schedule) — which adds up materially on large authorised-capital rounds.
The economic mix of Uttarakhand runs across automobile component (Pantnagar — Tata Motors, Bajaj Auto), FMCG (Hindustan Unilever, ITC, Dabur — Haridwar SIDCUL), tourism — sectors that consistently dominate the regulatory case-load and the profile of the engagements we field from this jurisdiction. Notable industrial enclaves include Bhagwanpur IIE, SIDCUL Industrial Areas (Pantnagar, Selaqui, Haridwar, Sitarganj). On the AD-Bank side, Dehradun, Haridwar and Pantnagar host the principal AD-I corporate desks; HDFC, ICICI, Axis at Haridwar handle the FMCG/pharma FEMA workload.
Uttarakhand's SIDCUL Pantnagar/Haridwar zones (legacy of pre-2010 area-based excise) still anchor a major FMCG and pharma cluster; combined with no Professions Tax, that drives sustained Tier-1 FDI.
Choice of Valuation Method — Uttarakhand Sector Context
For companies in heavy-asset sectors prevalent in Uttarakhand (e.g. pharmaceuticals (Haridwar SIDCUL, Selaqui, Pantnagar)), an NAV cross-check is essential because the DCF and NAV will diverge, and the assessing officer typically anchors on whichever lower figure supports a Section 56(2)(viib) addition.
Recent Assessment Patterns under ITAT Delhi (Dehradun bench)
From our practice across ITAT Delhi (Dehradun bench) appeals, the most common reasons that 56(2)(viib) additions are made — and either survived or struck down on appeal — are: (a) inadequate documentation of the projected cash-flow assumptions (Income Tax Officer challenge under Rule 11UA(2)(b) explanation); (b) absence of comparable-company cross-check in the valuation report (a soft requirement under best-practice but heavily relied on by CIT(A)); (c) cap-table inconsistency with the FC-GPR filing where a non-resident is on the round — this triggers parallel FEMA enquiry and erodes the 56(2)(viib) defence.
FEMA Pricing Interaction for Uttarakhand Cap Tables with Non-Residents
For Uttarakhand-based companies, the AD-bank channel becomes the operational reporting loop: typically Dehradun, Haridwar and Pantnagar host the principal AD-I corporate desks.
Engagement — Uttarakhand Coverage
Reports are signed under IBBI Registered Valuer credentials (IBBI/RV/03/2019/12333) where required by statute, and supported through assessment, CIT(A), and ITAT proceedings under ITAT Delhi (Dehradun bench). Free 30-minute consultation: +91 99622 60333.
Uttarakhand: compliance facts for section 56 2 viib valuation report
Uttarakhand's industrial base is the Haridwar, Rudrapur–Pantnagar and Dehradun belts, built on the area-based tax incentives of the 2000s and now home to auto, pharma and FMCG plants, alongside tourism, pilgrimage and hydropower. Companies file with the Registrar of Companies at Dehradun, litigate before the Uttarakhand High Court at Nainital, and NCLT matters go to the Allahabad bench with tax appeals at the Dehradun circuit of ITAT Delhi. For section 56 2 viib valuation report this means the company’s filings go to ROC Uttarakhand (Dehradun) and tribunal matters to NCLT Allahabad; where a non-resident invests, the price is also checked against the FEMA pricing rules.
Which authorities handle section 56 2 viib valuation report for a business in Uttarakhand?
| Registrar of Companies | ROC Uttarakhand (Dehradun) |
|---|---|
| NCLT bench | NCLT Allahabad |
| Stamp duty on share transfer | 0.015% of consideration (Indian Stamp Act, 1899, Schedule I, Art. 62 as amended w.e.f. 1 Jul 2020 — uniform across India) |
| High Court | Uttarakhand High Court (Nainital) |
| State startup policy | Uttarakhand Startup Policy, 2023 |
| Startup nodal agency | Startup Uttarakhand / Directorate of Industries |
| Nearest Virtual Auditor office | Mumbai office — Workafella, AK Estate, SV Road, off Veer Savarkar Flyover, Goregaon West, Mumbai 400062 (about 1,614 km by road from Uttarakhand) |
Uttarakhand companies file with ROC Uttarakhand (Dehradun); writ remedies lie before the Uttarakhand High Court (Nainital); company-law and insolvency matters go to the NCLT Allahabad.
Statutory references for this service are on the national section 56 2 viib valuation report page: https://virtualauditor.in/section-562viib-valuation-report
What has changed in the law — reviewed October 2026
- Income-tax Act, 2025 is in force from 1 April 2026; the section numbers on this page are those of the Income-tax Act, 1961, which continues to govern assessment years up to 2026-27.
- Angel tax under section 56(2)(viib) does not apply from assessment year 2025-26; a Rule 11UA valuation is still needed for section 56(2)(x), FEMA pricing and ESOP pricing.